Thailand may act on rubber price

Thailand, the world's biggest rubber producer, could intervene to support the price of rubber after protests from farmers.

The price of rubber has halved over the last year and farmers have put pressure on the government to act.

Officials want government approval to buy up to 200-thousand tons of locally produced rubber for 15bn Thai baht ($500m) and so push up the price.

Last year's rubber shortage helped drive prices to a record high but this year markets are expecting the biggest crop surplus since 2004.

Michael Coleman of RCMA Commodities Asia, spoke to the BBC's Rico Hizon about whether intervention is the right move for Thailand rubber.